The Global Scientific Instrument Market to Grow At A CAGR Of 5.07 Percent over the Period 2012-2016

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Dublin, Nov. 20, 2013 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/rwbfxv/global_scientific) has announced the addition of the "Global Scientific Instrument Market 2012-2016" report to their offering.

One of the key factors contributing to this market growth is the growing demand from the developing economies. The Global Scientific Instrument market has also been witnessing the advancements in DNA sequencer technology. However, the decrease in global health care spending could pose a challenge to the growth of this market.

The key vendors dominating this market space are Agilent Technologies Inc., Bruker Corp., Danaher Corp., Hitachi High-Technologies Corp., HORIBA Ltd., PerkinElmer Inc., Shimadzu Corp., and Thermo Fisher Scientific Inc.

The other vendors mentioned in the report are JASCO Inc., BandW Tek Inc., and Illumina Inc.

Commenting on the report, an analyst from the engineering team said: The Global Scientific Instrument market is growing at a rapid pace. Therefore, several major players in the market are trying to expand their presence in the market. A number of mergers, acquisitions, and strategic alliances are taking place in the market space. Many big players and emerging contenders in the Global Scientific Instrument market are looking for mergers and acquisitions. Moreover, many vendors are creating alliances with smaller and bigger companies to capture more market share. This enhances their distribution channels and improves their market reach. Thus, mergers and acquisitions help companies remain competitive in the market.

According to the report, one of the major drivers is the increasing demand from developing countries. The process industries in developing and emerging economies such as China, India, South Africa, and Brazil are experiencing high growth. This creates huge potential for the growth of the Global Scientific Instrument market during the forecast period. Rapidly growing process industries such as the Mining and Chemical industries are increasingly adopting general purpose analytical instruments for their elemental analysis and separation analysis processes.

Further, the report discusses that one of the major challenges confronting the market is the decrease in global healthcare spending.

Companies Mentioned

  • Agilent Technologies Inc.
  • Bruker Corp.
  • Danaher Corp.
  • Hitachi High-Technologies Corp.
  • HORIBA Ltd.
  • PerkinElmer Inc.
  • Shimadzu Corp.
  • Thermo Fisher Scientific Inc.
  • JASCO Inc.
  • B&W Tek Inc.
  • Illumina Inc.

For more information visit http://www.researchandmarkets.com/research/rwbfxv/global_scientific

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Source:Research and Markets